Which version, TurboTax 2015 Deluxe or Premier, is better for filing taxes for cryptocurrency trading?

3 answers

• Sargent EllisonNov 10, 2024 · 9 months ago
  When it comes to filing taxes for cryptocurrency trading, it's important to choose the right version of TurboTax. Both Deluxe and Premier versions offer features that can help you accurately report your cryptocurrency gains and losses. However, the Premier version is more suitable for cryptocurrency traders as it provides additional guidance and support for investment income, including cryptocurrencies. With Premier, you'll have access to expert advice and step-by-step guidance specific to your cryptocurrency trading activities, ensuring that you maximize your deductions and minimize any potential audit risks. So, if you're actively trading cryptocurrencies, TurboTax Premier would be the better choice for filing your taxes.
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• JonyleoApr 30, 2023 · 2 years ago
  If you're just starting out with cryptocurrency trading and have relatively simple tax situations, TurboTax Deluxe may be sufficient for your needs. Deluxe offers all the basic features for reporting income, including cryptocurrency gains and losses. It provides guidance on reporting various types of income and deductions, ensuring that you accurately report your cryptocurrency activities. However, if you have more complex trading activities or significant investment income from cryptocurrencies, it's recommended to upgrade to TurboTax Premier for more comprehensive support and guidance.
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• Thalia Quinteros M.Mar 04, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I would recommend using TurboTax Premier for filing taxes related to cryptocurrency trading. TurboTax Premier is specifically designed to handle investment income, including cryptocurrencies, and provides detailed guidance on reporting gains and losses. It offers a range of features and tools to help you accurately report your cryptocurrency activities and maximize your deductions. Additionally, TurboTax Premier keeps up with the latest tax laws and regulations, ensuring that you stay compliant with the ever-changing cryptocurrency tax landscape. So, if you want peace of mind and expert support while filing your taxes for cryptocurrency trading, TurboTax Premier is the way to go.
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